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CMA CGM taps French loan scheme to boost cash in coronavirus crisis

Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade......»»

Category: topSource: reutersMay 13th, 2020

France"s CMA CGM gets 1.05 billion euro loan partly backed by government

CMA CGM has arranged a 1.05 billion euro ($1.1 billion) syndicated loan to be 70% guaranteed by the French government, the shipping and logistics company announced on Wednesday......»»

Category: topSource: reutersMay 13th, 2020

Air France-KLM nears bailout with improved guarantees: sources

Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees on loans designed to tide the airline group through the coronavirus crisis......»»

Category: topSource: reutersApr 22nd, 2020

H&M borrows 980 million euros to boost liquidity buffer amid pandemic

H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic......»»

Category: topSource: reutersApr 8th, 2020

France"s antitrust watchdog just fined Apple $1.2 billion for anti-competitive behavior

AP Photo/Markus Schreiber Apple on Monday got slapped with a 1.1 billion euro ($1.2 billion) fine from France's antitrust watchdog. It's a rare competition fine for.....»»

Category: topSource: businessinsiderMar 16th, 2020

Exclusive: France ramps up pressure to shift $200 billion euro clearing away from London - sources

France is looking at ways to lure clearing in euro derivatives away from London to the European Union to lessen the risk of any forced "relocation" backfiring by driving business instead to the U.S., financial industry officials said......»»

Category: topSource: reutersFeb 7th, 2020

BA parent IAG ups bet on Latin America with Air Europa takeover

IAG , the parent of British Airways and Spain's Iberia, announced a 1 billion euro ($1.12 billion) takeover of Spain's Air Europa to boost its presence on routes to Latin America and the Caribbean......»»

Category: topSource: reutersNov 4th, 2019

French tycoon Niel to sell mobile towers to Cellnex for $3 billion

French tycoon Xavier Niel has agreed a 2.7 billion euro ($3.02 billion) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad......»»

Category: topSource: reutersMay 7th, 2019

Google seeking to promote rivals to stave off EU antitrust action

Google is trying to boost price comparison rivals such as Kelkoo in an effort to appease European Union antitrust regulators and ward off fresh fines following a 2.4-billion-euro ($2.7 billion) penalty nearly two years ago......»»

Category: topSource: reutersMar 18th, 2019

UBS sets aside 450 million euros for French tax case

Switzerland's biggest bank, UBS, on Friday reported a nearly $400 million boost to its litigation provisions after a French court slapped it with a 4.5 billion euro ($5.09 billion) penalty last month......»»

Category: topSource: reutersMar 15th, 2019

Tunnel vision divides Italy"s governing coaltion

Italy's governing coalition is deeply divided over whether money for a new, multi-billion euro rail link with France would be better spent elsewhere. David Pollard reports......»»

Category: videoSource: reutersMar 8th, 2019

France"s Macron unveils plan to combat poverty

French President Emmanuel Macron, often branded by critics as the president of the rich, has unveiled an 8 billion-euro ($9 billion) plan to tackle poverty......»»

Category: topSource: foxnewsSep 13th, 2018

Under Pressure From Trump, Germany Boosts Military Spending 

Germany has given its military a 5.7 billion Euro ($6.5 billion USD) boost after Defense Minister Ursula von der Leyen refused to sig.....»»

Category: blogSource: zerohedgeNov 8th, 2018

Euro zone: data raises doubts as Merkel"s party votes for new leader

France's industrial output shows a surprise boost in October, but similar data from Germany shows an unexpected fall, adding to signs that a cool.....»»

Category: videoSource: reutersDec 7th, 2018

Adidas Boosts Outlook On Strong Q1 Results: Details

Adidas AG reported preliminary results for the first quarter of 2024, with an 8% increase in currency-neutral revenues. In euro terms, revenues grew 4% to €5.458 billion in the quarter. read more.....»»

Category: blogSource: benzingaApr 17th, 2024

Meta Hit With Record 1.2bn Euro Fine 

Meta has been issued a record 1.2 billion euro fine ($1.3 billion) by a European Union privacy regul.....»»

Category: topSource: redherringApr 10th, 2024

A Guide to Europe’s Newest ‘Safe Asset’ and Rival to U.S. Treasuries

The European Union is issuing bonds like never before. An 806 billion euro ($964 billion) pandemic rescue fund will trigger the biggest-ever splurge in joint borrowing by the bloc’s 27 members. Add to that a 100 billion euro emergency jobs prog.....»»

Category: topSource: washpostApr 14th, 2021

Fiat Chrysler in talks over 6.3 billion euro state-guaranteed loan: source

Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday......»»

Category: topSource: reutersMay 15th, 2020

Fiat Chrysler in talks over 6.3 bln euro state-guaranteed loan: source

Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday......»»

Category: topSource: reutersMay 15th, 2020

Thyssenkrupp CFO: we don"t have a liquidity problem

Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW [KFW.UL] and the expected transfer of funds from the sale of its elevator division, its chief financial officer said......»»

Category: topSource: reutersMay 12th, 2020